NOT LISTED FOR SALE

Estimated Value: $687,000 - $1,038,000

1 Bed
1 Bath
615 Sq Ft
$465/mo HOA Fee

Last Sold October 16, 2020

Last sale price $665,000 $1,081 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $5,424/month

40 Days on Market

Highlights

  • Heated In Ground Pool
  • Gated Parking
  • Contemporary Architecture
  • John Muir Elementary School Rated A
  • 1.27 Acre Lot
  • 3-minute walk to Hotchkiss Park

About This Home

As of October 2020

What's not to love about this Ocean Park pied-a-terre? Rear-facing one bed, one bath unit - interior details feature light-colored wood floors throughout living and bedroom areas, two generous bedroom closets, tile floors and countertops in kitchen and bathroom, and hallway linen closet. Recent updates incl. new paint in bedroom and bathroom, and new garbage disposal. The private balcony bordered by a walkway looks out over the community vegetable garden, and the unit's parking space sits across from the building's rear entrance. Optimally located on 4th St, the gated entrance of Pacific Bay Towers offers an unparalleled view to the Pacific Ocean; other building amenities include a heated community pool and spa, and elevator access to the observation deck, shared laundry facilities, and parking area. Just minutes from Main St, the Pacific Ocean, farmers markets, Santa Monica Pier, and Third St Promenade, this property is move-in ready to take full advantage of the California lifestyle!

Last Agent to Sell the Property

Jackie Freed

Compass License #02005384 Listed on: 08/07/2020

Compass

Last Buyer's Agent

Lu Ye

Keller Williams Beverly Hills License #01975884

Keller Williams Beverly Hills

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,673

Year Built

  • Built in 1969

Lot Details

  • 1.27

HOA Fees

  • $465 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Entry on the 1st floor

Interior Spaces

  • 615 Sq Ft Home
  • 4-Story Property
  • Living Room
  • Dining Area
  • Pool Views

Kitchen

  • Oven or Range
  • Microwave

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • Walk-In Closet
  • 1 Full Bathroom

Home Security

Parking

  • 1 Parking Space
  • Carport
  • Gated Parking
  • Parking Garage Space
  • Parking Permit Required

Pool

  • Heated In Ground Pool
  • Spa

Outdoor Features

  • Balcony
  • Open Patio

Additional Features

  • Gated Home
  • Central Heating

Listing and Financial Details

  • Assessor Parcel Number 4289-010-041

Community Details

Overview

  • Association fees include trash, water, sewer, earthquake insurance
  • 72 Units
  • Maintained Community

Amenities

  • Laundry Facilities
  • Elevator

Recreation

  • Community Pool
  • Community Spa

Pet Policy

  • Call for details about the types of pets allowed

Security

  • Card or Code Access
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,673

Year Built

Built in 1969

Lot Details

0

HOA Fees

$465 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Contemporary
  • Street Number Display: Yes
  • Advertising Remarks: What's not to love about this Ocean Park pied-a-terre? Rear-facing one bed, one bath unit - interior details feature light-colored wood floors throughout living and bedroom areas, two generous bedroom closets, tile floors and countertops in kitchen and bathroom, and hallway linen closet. Recent updates incl. new paint in bedroom and bathroom, and new garbage disposal. The private balcony bordered by a walkway looks out over the community vegetable garden, and the unit's parking space sits across from the building's rear entrance. Optimally located on 4th St, the gated entrance of Pacific Bay Towers offers an unparalleled view to the Pacific Ocean; other building amenities include a heated community pool and spa, and elevator access to the observation deck, shared laundry facilities, and parking area. Just minutes from Main St, the Pacific Ocean, farmers markets, Santa Monica Pier, and Third St Promenade, this property is move-in ready to take full advantage of the California lifestyle!
  • Complex Name: Pacific Bay Towers
  • Entry Floor: 1
  • Living Area: 615
  • Lot Acreage: 1.2676
  • Planned Urban Dev: 0
  • Stories: 4
  • Unit Floor In Building: 1
  • Year Built: 1969
  • Number Of Photos: 18
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Tile, Hardwood
  • Bedrooms: 1
  • Full Bathroom: 1
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Community
  • Total Bathrooms: 1.00
  • Den: 0
  • Equipment: Microwave, Refrigerator, Range/Oven
  • Price Per S Q F T: 1081.30

Exterior Features

  • Patio: Balcony
  • Pool Description: Heated, Community
  • Pool: Yes
  • Spa: Community
  • Spa Yn: Yes
  • View: Pool
  • View: Yes

Garage/Parking

  • Covered Parking: 1
  • Parking Garage: Community Garage, Carport, Gated, Permit/Decal
  • Total Parking: 1

Utilities

  • Heating: Central
  • Security: Card/Code Access, Smoke Detector, Gated

Association/Amenities

  • Amenities: Elevator, Gated Parking, Pool, Spa, Controlled Access, Assoc Pet Rules, Assoc Maintains Landscape
  • Pet Rules: Call

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • Association Fees Include: Trash, Water, Sewer, Earthquake Insurance
  • HOA Fees: 465.00
  • HOA: Yes

Lot Info

  • Special Zoning: Coastal Commission, Property Report
  • Assessor Parcel Number: 4289-010-041
  • Lot Size Area: 55216

Multi Family

  • Number Of Units: 72

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 7, 2020
Closed on
Sep 18, 2020
Sold by
Braslow Darron and Braslow Denise
Bought by
Novak Marissa
Seller's Agent
Jackie Freed
Compass
Buyer's Agent
Lu Ye
Keller Williams Beverly Hills
List Price
$665,000
Sold Price
$665,000
Current Estimated Value
$798,948

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$133,948
Avg. Annual Appreciation
3.73%
Original Mortgage
$498,750
Outstanding Balance
$442,608
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$356,340

Purchase Details

Listed on
Aug 1, 2018
Closed on
Nov 27, 2018
Sold by
Davenport Stewart A and Davenport Mary L
Bought by
Braslow Darron and Braslow Denise
Seller's Agent
Austin McElrath
First Team Real Estate
Buyer's Agent
Jacqueline Freed
Compass
List Price
$670,000
Sold Price
$630,000
Premium/Discount to List
-$40,000
-5.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.98%
Original Mortgage
$504,000
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 31, 2002
Sold by
Kelly Sean C
Bought by
Davenport Stewart A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$218,250
Interest Rate
5.37%

Purchase Details

Closed on
Aug 16, 1999
Sold by
Tucker Lisa D
Bought by
Kelly Sean C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,500
Interest Rate
7.47%

Purchase Details

Closed on
Feb 16, 1996
Sold by
Villamil Catrien H
Bought by
Tucker Lisa D
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Novak Marissa $665,000 Fidelity National Title Co
Braslow Darron $630,000 Ticor Title
Davenport Stewart A $291,000 Chicago Title Co
Kelly Sean C $185,000 Progressive Title Company
Tucker Lisa D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Novak Marissa $498,750
Previous Owner Braslow Darron $504,000
Previous Owner Davenport Stewart A $218,250
Previous Owner Kelly Sean C $166,500
Closed Davenport Stewart A $43,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/16/2020 10/16/20 Sold $665,000 0.0% $1,081 / Sq Ft
09/16/2020 09/16/20 Pending -- -- --
08/24/2020 08/24/20 For Sale $665,000 0.0% $1,081 / Sq Ft
08/10/2020 08/10/20 Pending -- -- --
08/07/2020 08/07/20 For Sale $665,000 +5.6% $1,081 / Sq Ft
12/14/2018 12/14/18 Sold $630,000 -2.9% $1,024 / Sq Ft View Prior Sale
11/08/2018 11/08/18 Price Changed $649,000 -3.1% $1,055 / Sq Ft
08/01/2018 08/01/18 For Sale $670,000 -- $1,089 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $8,673 $719,814 $575,852 $143,962
2024 $8,673 $705,701 $564,561 $141,140
2023 $8,530 $691,865 $553,492 $138,373
2022 $8,412 $678,300 $542,640 $135,660
2021 $8,271 $665,000 $532,000 $133,000
2019 $7,945 $630,000 $504,000 $126,000
2018 $4,611 $370,398 $286,014 $84,384
2016 $4,432 $356,016 $274,908 $81,108
2015 $4,370 $350,669 $270,779 $79,890
2014 $4,318 $343,801 $265,475 $78,326
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 20-615234

The MLS

APN: 4289-010-041